CVB Financial (CVBF) Scheduled to Post Quarterly Earnings on Wednesday

CVB Financial (NASDAQ:CVBF) will announce its earnings results after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $81.78 million during the quarter, compared to analysts’ expectations of $81.78 million. CVB Financial had a net margin of 35.60% and a return on equity of 10.89%. During the same period last year, the company posted $0.23 earnings per share. On average, analysts expect CVB Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of CVB Financial (NASDAQ CVBF) opened at $24.04 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.02. The company has a market cap of $2,676.81, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 2.10 and a beta of 1.50. CVB Financial has a twelve month low of $19.58 and a twelve month high of $25.49.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Friday, January 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, January 4th. CVB Financial’s payout ratio is 53.85%.

A number of equities research analysts have commented on CVBF shares. Zacks Investment Research cut shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. ValuEngine cut shares of CVB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reiterated a “hold” rating on shares of CVB Financial in a report on Friday, October 6th. Sandler O’Neill reiterated a “hold” rating and set a $24.00 price objective on shares of CVB Financial in a report on Thursday, January 4th. Finally, BidaskClub cut shares of CVB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. CVB Financial presently has an average rating of “Hold” and an average price target of $23.17.

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CVB Financial Company Profile

CVB Financial Corp. (CVB) is the bank holding company for Citizens Business Bank (the Bank). The Bank operates through two segments: Business Financial and Commercial Banking Centers (Centers), and Other Operations. The Company’s administrative and other smaller operating departments are combined into the Other segment.

Earnings History for CVB Financial (NASDAQ:CVBF)

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